05/10/04 KIWI Network Solutions, Inc. Announces a Memorandum of Understanding to Offer Packet Based Broadband Service and Device Network in Kingdom of Saudi Arabia
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 10, 2004--KIWI Network Solutions, Inc., (KWNS - news) , www.kwnsmobile.com, announced the signing of an additional Memorandum of Understanding with TELTEK Canada, a telecommunications company based in Toronto. KIWI Network Solutions Inc. and TELTEK Canada have commenced formal negotiations with regional based carriers to offer a Packet Based Broadband Service and Device Network in the Kingdom of Saudi Arabia. The MOU forms the first part of a consortium being finalized by KIWI and TELTEK Canada with a series of operating technology partners.
TELTEK Canada Inc. is a privately held Ontario Corporation, headquartered in Toronto with regional offices in Muscat, Oman and Abu Dhabi and Dubai in the United Arab Emirates. The principals of TELTEK operate a number of regional technology based enterprises in the Middle Eastern Region.
KIWI is a developer of an International Mobile Virtual Network Operator (IMVNO) platform that enables the delivery of 2-Way VOICE/VIDEO/AUDIO/DATA/SHORT MESSAGING over Internet Protocol, Cellular, Short Messaging, 802.11B/G and other networks. KIWI is finalizing the development of applicable devices and peripherals. The technologies and hardware are compatible with all major cellular carriers, ISPs and virtual network companies. KIWI has partnered with a US based Technology provider that utilizes standards based and proprietary technologies. The Wireless ISP (WISP) platform provides packetized IP based last mile non line of sight (NLOS) broadband at user-defined speeds from 6MBPS (residential) up to 24MBPS (commercial) per modem, or more as required. The partnered proprietary technologies enable up to 60-mile NLOS and 100-mile LOS wireless backhaul up to 10gbps. These technologies enable full wireless broadband functionality to be immediately delivered to urban and rural areas. These technologies are immediately deployable and timed to capitalize on the booming consumer demand for broadband enabled products and services including fixed and mobile appliances that will serve the Wireless ISP subscribers. KIWI's broadband partner has deployed a BETA tower and appliance network currently undergoing final testing in a major US city.
This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words "can," "anticipates," and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities Act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes. The material should be read in conjunction with the Company's current annual and quarterly reports filed with the SEC, which contain discussions of currently known factors that could significantly impact the Company's future expectations.
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